Your cousin, a stockbroker with a local company is trying to sell you a stock with a current market price of $115. The stock's last dividend (D₀) was $2.50 and earnings and dividends are expected to increase at a constant growth rate of 8.5%. Your required return on this stock is 10.5%. From a strict valuation standpoint, should you buy the stock? Make sure you provide justification for your answer (this means, show your calculations).